Asian Buyers Struggle to Find March LNG as Supply Remains Tight

Some Asian LNG buyers are struggling to find prompt cargoes after a war-related outage at the world’s largest export facility in Qatar tightened global supplies of the super-chilled fuel.

Countries including Thailand, Bangladesh, India and Vietnam are dipping into the spot market to safeguard near-term energy security as uncertainty persists over the duration of the US-Israeli war against Iran. But some tenders for this month — like from India’s Gail and GSPC — have gone unawarded, indicating a shortage of immediately available fuel. Thailand’s PTT was seeking a late March-early April cargo but only bought for next month.